A sum becomes five times of itself in 8 years at simple interest. What is the rate of interest per annum?

A sum becomes five times of itself in 8 years at simple interest. What

1.	A sum becomes five times of itself in 8 years at simple interest. What is the rate of interest per annum?
A.	37.5%
B.	25%
C.	62.5%
D.	50%
Answer» E.

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A sum becomes five times of itself in 8 years at simple interest. What is the rate of interest per annum?

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